Required:
1. How many units were transferred from the Packaging
Department to the Finished Goods Department during the month? 2.
What were the equivalent units of production for direct materials
and conversion costs for the month of January? 3. Compute the total
costs incurred in January for (a) materials and (b) conversion. 4.
Compute (a) the cost of WIP Inventory as of 31 January 2016 and (b)
the cost of units completed and transferred out during the month.
5. What is the cost of goods sold by taking the unit cost data from
the answers to requirement 3 above? 6. Assuming conversion cost
consists 40% of labour costs and that manufacturing overhead cost
is 60% fixed cost, calculate how many units ABC Company must sell
to breakeven during January. Show all necessary formula and
computations
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